Crude dropped 3% in Thursday’s trading

Another week of crude oil price declines – Oklahoma Energy Today

Higher U.S. gasoline stockpiles resulted in a more than 3% drop in crude oil prices in Thursday’s trading. Prices were also affected after a European Central Bank raised rates, increasing growing concerns about the prospects of a worldwide recession.

Prices dropped on the New York Mercantile Exchange more than $3 a barrel including a plunge of $3.53 for West Texas Intermediate crude for September delivery which settled at $96.35 a barrel.

Global benchmark for Brent crude for September delivery fell $3.06 to $103.86 a barrel on ICE Futures Europe.

August natural gas fell 7 cents to $7.93 per 1,000 cubic feet.

Meanwhile Oklahoma energy stocks for the most part suffered losses for the day including a 7% drop for Helmerich & Payne while Empire Petroleum had a 7% gain for the day.

Alliance Resource Partners, L.P.
20.56 USD−0.48 (2.28%)
Blueknight Energy Partners LP Common Stock
4.59 USD0.00 (0.00%)
Chesapeake Energy Ord Shs
91.06 USD−0.80 (0.87%)
Continental Resources, Inc.
64.81 USD−1.70 (2.56%)
Coterra Energy Inc
28.06 USD−0.85 (2.94%)
Devon Energy Corp
56.20 USD−1.48 (2.57%)
Empire Petroleum Corporation
10.25 USD+0.65 (6.77%)
Gulfport Energy Corp
84.89 USD−2.42 (2.77%)
Helmerich & Payne, Inc.
39.79 USD−3.01 (7.03%)
LSB Industries, Inc.
12.24 USD−0.32 (2.55%)
Laredo Petroleum Inc
76.72 USD−2.95 (3.70%)
Magellan Midstream Partners, L.P.
49.64 USD−0.12 (0.24%)
Mammoth Energy Services Inc
2.30 USD+0.050 (2.22%)
Matrix Service Co
5.33 USD+0.0100 (0.19%)
NGL Energy Partners LP
1.45 USD−0.040 (2.68%)
OGE Energy Corp.
38.30 USD−0.030 (0.078%)
ONE Gas Inc
79.70 USD−1.39 (1.71%)
ONEOK, Inc.
58.40 USD−0.070 (0.12%)
Ovintiv Inc
45.50 USD−1.09 (2.34%)
PHX Minerals Inc
3.01 USD−0.14 (4.44%)
SandRidge Energy Inc.
17.39 USD−0.44 (2.47%)
Unit Corp
52.80 USD−0.20 (0.38%)
Williams Companies Inc
32.41 USD−0.100 (0.31%)
Rising Oil Prices Are a Sliver of Crisis to Come: Energy Expert
 Other energy stocks suffered losses according to the Texas Energy Report.

Apache (APA) down 1.59 at 33.29 – change 4.55%

Cheniere (LNG) up 1.46 at 137.22 – change 1.07%

Chevron (CVX) down 1.13 at 145.40 – change 0.77%

ConocoPhillips (COP) down 1.78 at 88.93 – change 1.97%

Diamondback Energy (FANG) down 2.80 at 115.97 – change 2.36%

Energy Transfer LP (ET) down 0.11 at 10.36 – change 1.06%

Enterprise Products Partners (EPD) up 0.13 at 25.71 – change 0.50%

EOG Resources (EOG) down 2.01 at 103.56 – change 1.91%

ExxonMobil (XOM) down 1.49 at 87.75 – change 1.67%

Kinder Morgan (KMI) up 0.34 at 17.66 – change 1.96%

Marathon Oil Corp. (MRO) down 0.76 at 22.16 – change 3.32%

National Oilwell Varco (NOV) down 0.26 at 14.88 – change 1.72%

Occidental Petroleum (OXY) down 1.55 at 62.00 – change 2.44%

Phillips 66 (PSX) down 1.64 at 85.21 – change 1.89%

Pioneer Natural Resources (PXD) down 3.53 at 213.28 – change 1.63%

Tellurian Inc. (TELL) down 0.08 at 3.71 – change 1.86%

Valero (VLO) down 5.13 at 104.15 – change 4.70%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.08 at 92.79 – change 0.08%

CenterPoint (CNP) down 0.06 at 29.32 – change 0.21%

Entergy (ETR) down 0.31 at 107.96 – change 0.29